HC Deb 14 October 1968 vol 770 cc58-9W
Mr. Leadbitter

asked the President of the Board of Trade what arrangements he has made to protect the public investment involved in the modernisation of the Furness shipbuilding yard in the event of the closure of the yard.

Mrs. Gwyneth Dunwoody

I understand that the Furness shipyard is to be acquired by Swan Hunter and Tyne Shipbuilders Ltd. and will continue in operation. The provision of Board of Trade assistance is always subject to appropriate safeguards which come into effect if a business in receipt of such assistance closes.